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FOREX Africa: Africa’s Debt Rising To Unsustainable Levels

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  • Markets

    Bloomberg: South Africa’s Economic Forecast One Of The World’s Worst

    Thinkstock By Staff, 6:52 pm

    Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, once said. Add rising unemployment to the diagnosis, and his profession ascribes a rather non-technical term to the debilitating effect on people: misery.

  • Politics

    APC: Economic Progress Relies On Job Creation, Oil & Gas Production

    APC
    By Makula Dunbar, 6:19 pm

    Lai Mohammed, All Progressives Congress (APC) spokesman recently sat down with Bloomberg TV and highlighted Nigeria’s plans for job creation and economic progression. He touched on bolstering the oil and gas sectors nearly doubling production in the next 10 years as well as fighting insecurity and corruption in politics. “We tend to diversify the economy by going to more productive sectors like agriculture and manufacturing. These are the things that will provide long-term jobs for people,” he said.

  • Business

    Traditional Markets Still Trump Formal Retail Outlets In Africa

    www.commons.wikimedia.org By Dana Sanchez, 5:46 pm AFKI Original

    Large retail supermarkets such as Woolworths, Shoprite and Carrefour are investing heavily in Africa, but traditional markets will continue to be the dominant choice for consumers for a while, according to a report by U.S. research group Nielsen. Nielsen tracks retail sales in 14 sub-Saharan countries where traditional grocery stores account for about 50 percent of consumer goods spending. There are more than 550,000 of those outlets in the countries monitored, according to the Nielsen report.

  • Energy

    What’s In The Future For Africa’s Green Economy?

    environment
    By Makula Dunbar, 5:28 pm

    While environmental issues vary across Africa’s countries, three challenges — food, water and power — are the most widespread, according to a CCTV Africa report. March 2-6, Egypt will hold the 15th African Ministerial conference on the Environment where leaders are discussing Africa’s environmental position as it relates to the international front. “What the country can do in terms of transitioning into a green economy — with this potential, indeed we can harness what we have in terms of environmental assets,”

  • tourism

    City Guide: Hammamet, Tunisia

    hammamet mosque By Karen Elowitt, 5:00 pm

    Hammamet, a popular beach resort town on Tunisia’s coast, is one of the country’s most sparkling tourist destinations, popular with everyone from Dubai princesses to the family of ex-dictator Ben Ali to masses of tourists who pour in every year from Europe seeking sun, sand and surf.

  • Business

    Sweden’s Ericsson To Provide Rwanda’s e-Government Services

    hec.edu By Staff, 3:36 pm

    Rwanda has signed a deal with Swedish communications giant Ericsson to act as both supplier and adviser for delivering the final stages of the country’s Vision 2020 plan for broadband and Internet connectivity. The deal was signed in Barcelona at the Mobile World Congress. “There will be opportunities for third parties to get involved under the terms of the partnership,” said Steven Ambrose, founder of South African telecoms analysts Strategy Worx, HTXT.co.za reports.

  • Entertainment

    12 Things You Didn’t Know About Comedian I Go Dye

    Nigerianeye.com By Julia Austin, 2:01 pm AFKI Original

    He considers it his responsibility to use his talents to talk about political issues, telling an interviewer, “You and I have the responsibility of using our talents to promote peace among our people because when there is conflict, no matter how successful you are, you’re going to be affected.” His real name is Francis Agoda, a Nigerian comedian from Delta State who won the Nigeria Best Comedian Award. Here are 12 things you didn’t know about I Go Dye.

  • Features

    12 Lesser-Known African Militia Groups

    http://rpfinkotanyi.org/en/?FDLR-s-Mudacumura-faces-ICC By Adrian Brune, 11:54 am AFKI Original

    The largest illegal foreign armed group operating in the DRC, the Democratic Forces for the Liberation of Rwanda (FDLR) largely consists of members of the Rwandan government and army ousted in 1994 as well as Rwandan refugees. It is believed that the group, with 2000 combatants in Eastern DRC, aims to overthrow Rwandan President Paul Kagame. Since colonization, armed militias of all stripes have operated in Africa, thriving on unemployment and poverty. Here are 12 lesser-known African militia groups.

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